Spark Energy Inc (NASDAQ:SPKE) – Research analysts at B. Riley lowered their Q1 2018 earnings per share (EPS) estimates for shares of Spark Energy in a note issued to investors on Monday. B. Riley analyst C. Driscoll now forecasts that the utilities provider will post earnings per share of $0.20 for the quarter, down from their prior forecast of $0.27. B. Riley has a “Hold” rating on the stock. B. Riley also issued estimates for Spark Energy’s FY2018 earnings at $0.68 EPS, Q1 2019 earnings at $0.41 EPS, Q2 2019 earnings at $0.22 EPS, Q3 2019 earnings at $0.37 EPS, Q4 2019 earnings at $0.46 EPS and FY2019 earnings at $1.28 EPS.
SPKE has been the topic of a number of other research reports. Zacks Investment Research lowered Spark Energy from a “hold” rating to a “strong sell” rating in a report on Friday. ValuEngine lowered Spark Energy from a “buy” rating to a “hold” rating in a report on Saturday. Finally, TheStreet upgraded Spark Energy from a “c+” rating to a “b-” rating in a report on Monday, December 11th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. Spark Energy has an average rating of “Hold” and a consensus target price of $21.79.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, March 2nd will be issued a dividend of $0.1813 per share. The ex-dividend date is Thursday, March 1st. This represents a $0.73 annualized dividend and a dividend yield of 6.20%. Spark Energy’s dividend payout ratio is presently 90.12%.
In other news, VP Gil Melman sold 4,000 shares of Spark Energy stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $12.24, for a total transaction of $48,960.00. Following the transaction, the vice president now owns 29,308 shares in the company, valued at approximately $358,729.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director W Keith Maxwell III purchased 22,850 shares of Spark Energy stock in a transaction dated Wednesday, December 13th. The shares were bought at an average price of $13.34 per share, for a total transaction of $304,819.00. Following the acquisition, the director now owns 936,322 shares in the company, valued at $12,490,535.48. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 68,150 shares of company stock worth $847,615. Insiders own 66.89% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. Peregrine Capital Management LLC raised its holdings in Spark Energy by 16.4% in the 4th quarter. Peregrine Capital Management LLC now owns 404,981 shares of the utilities provider’s stock valued at $5,022,000 after buying an additional 57,186 shares during the period. Crow Point Partners LLC raised its holdings in Spark Energy by 5.7% in the 4th quarter. Crow Point Partners LLC now owns 1,073,144 shares of the utilities provider’s stock valued at $13,253,000 after buying an additional 57,426 shares during the period. California State Teachers Retirement System raised its holdings in Spark Energy by 107.1% in the 2nd quarter. California State Teachers Retirement System now owns 20,404 shares of the utilities provider’s stock valued at $384,000 after buying an additional 10,552 shares during the period. Cornerstone Capital Management Holdings LLC. raised its holdings in Spark Energy by 29.7% in the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 95,322 shares of the utilities provider’s stock valued at $1,429,000 after buying an additional 21,800 shares during the period. Finally, Victory Capital Management Inc. purchased a new stake in Spark Energy in the 3rd quarter valued at about $357,000. Hedge funds and other institutional investors own 33.42% of the company’s stock.
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About Spark Energy
Spark Energy, Inc is an independent retail energy services company. The Company provides residential and commercial customers across the United States with an alternative choice for their natural gas and electricity. The Company operates through two segments: Retail Natural Gas Segment and Retail Electricity Segment.
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